Commerce Bancshares, Inc. Reports Second Quarter 2026 Earnings

Commerce Bancshares, Inc. reported strong second quarter 2026 results, with earnings per share of $1.10, an increase from $1.09 in the same quarter last year and $0.96 in the first quarter of 2026. Net income for the quarter was $159.8 million, up from $152.5 million in the prior year's second quarter. The company saw growth in net interest income driven by an expanding net interest margin to 3.77% and solid loan growth. Fee revenue also increased, supported by strength in trust, bank card, and deposit-related businesses. The company maintained disciplined capital management, repurchasing approximately 2.1 million shares of common stock. A strategic repositioning of the available-for-sale securities portfolio was completed, enhancing the portfolio's overall yield and supporting a more consistent net interest margin. Return on average assets was 1.84%, and return on average equity was 14.70%. Non-interest income represented 37% of total revenue, with notable growth in trust fees and bank card fees. Non-interest expense increased due to higher salaries and litigation expenses, partly offset by decreases in benefits and professional services costs. The company reported strong credit quality with a low ratio of net loan charge-offs to average loans.